Wasioja, MN is a small town with a population of about 500. It is located in southeastern Minnesota and has close proximity to larger cities such as Minneapolis and Rochester. The cost of living in Wasioja is quite reasonable, with rent for a two bedroom averaging $1,000 compared to the US average of $1,430. Groceries here are also relatively inexpensive with the cost index being 97 versus the national average of 100.
The local economy in Wasioja thrives thanks to small businesses such as Bob's Auto Repair and Jenkins Farms Market. Bob's Auto Repair offers quality service for fair prices which appeals to people from surrounding cities and towns. Jenkins Farms Market provides fresh fruits and vegetables for locals at an affordable price, while also creating jobs for the locals.
Living in Wasioja is often peaceful and laid-back due to its small size. The tight-knit community consists of friendly neighbors who look out for one another, making it a safe place to live. Residents often gather together during festivals or holiday celebrations throughout the year adding even more charm and character to this quaint little town.
Wasioja has an unemployment rate of 4.9%. The US average is 6.0%.
Wasioja has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Wasioja
- The Sales Tax Rate for Wasioja is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wasioja is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wasioja
- The average income of a Wasioja resident is $34,337 a year. The US average is $28,555 a year.
- The Median household income of a Wasioja resident is $94,231 a year. The US average is $69,021 a year.